TOURISM Nine countries ease travel advisories while officials weigh new support for struggling hotels. Photo credit: booking.com Cyprus tourism slumps as British demand drops and bookings fall 60% Dorita Yiannakou The main source of tourism for Cyprus is weakening this year. British travelers, who make up the country’s largest tourism market, are showing hesitation and caution because of geopolitical instability in the Eastern Mediterranean. READ MORE
Some 68% of young unemployed Cypriots are unwilling to move for a job In the EU more than half of the young unemployed are not ready to relocate to find work Newsroom / CNA // | BUSINESS
Fitch upgrades Bank of Cyprus covered bonds to 'BBB' However, it points out, «missing income information still results in a DTI Class 5 assumption» Newsroom / CNA 27/03/2018 | BUSINESS
Loans in banking system reach €51.1 billion Adjusting for currency fluctuations, total loans in February exhibited a net increase of €41.2 million Source: CNA 27/03/2018 | BUSINESS
Economic Sentiment Indicator decreased by 1.6 points in March Consumer confidence was driven by downward revisions in consumers’ expectations about their future financial conditions Newsroom 26/03/2018 | BUSINESS
It is pay your taxes time again Government putting final touches for online tax returns Newsroom 23/03/2018 | BUSINESS
Cypriot firm signs $4.2 billion Zimbabwe platinum deal Signing the agreement with Cyprus-based Karo Resources Mines Minister Winston Chitando said work would start in July Source: Reuters 23/03/2018 | BUSINESS
China urges US away from 'brink' of trade war The escalating tensions between Beijing and Washington sent shivers through financial markets Source: Reuters 23/03/2018 | BUSINESS
UK urged to prioritise travel in Brexit talks to create jobs Travel and tourism’s contribution to Britain’s gross domestic product grew by 6.2 percent in 2017 Source: Reuters 22/03/2018 | BUSINESS
Cyprus and UK sign new treaty for double taxation avoidance The previous agreement dated back to 1974 Newsroom / CNA 22/03/2018 | BUSINESS
Hedge funds show interest in Cyprus co-op Wilbur Ross’ investment group throws hat in the ring Newsroom // | BUSINESS
